R&D Tax Credits Explained
Research and development tax credits are a tax relief designed to encourage greater R&D spending and investment in innovation. They work by either reducing your company’s liability to corporation tax or giving you a cash payment.
There are two schemes for claiming relief:
- Small or Medium-sized Enterprise (SME)
- Research and Development Expenditure Credits (RDEC)
R&D will qualify under either scheme if you attempt to overcome scientific or technological uncertainties at your own risk.
Easy R&D focus on the SME scheme where up to 33% of the qualifying R&D costs can be set against corporation tax. You can backdate claims up to two years from the end of your accounting period.
The company works on a contingency fee basis so there is no risk to engage us. Take advantage of our technical and specialist tax experience to maximise R&D tax relief claims with the Easy R&D Claim Portal.